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University Preparatory Academy 2101 N Australian Ave 41,981 SF Office Building West Palm Beach, FL 33407 $12,700,000 ($302.52/SF)
Investment Highlights
- Urban Infill Redevelopment Opportunity
- Strategic Location with Regional Connectivity
- Desirable Zoning with Residential Entitlements
- Strong Demographic and Economic Growth
Executive Summary
The Colliers Team is pleased to present this Offering Memorandum for University Preparatory Academy (the “Property”), a ±41,981 square foot education facility situated on a sprawling ±8.25-acre site at 2101 N Australian Avenue, West Palm Beach, FL 33407. Originally built in 1995, the Property is located within the West Palm Beach submarket, offering a rare infill redevelopment opportunity in one of South Florida’s most supply-constrained residential markets.
The Property is currently improved as a private school under Use Code 7200 and zoned POR/PD – Professional Office Residential / Planned Development, which allows for a wide range of redevelopment options including multifamily residential. With over 8 acres of land, existing infrastructure, and immediate access to Interstate-95, U.S. 1, and Downtown West Palm Beach, the site is ideally positioned for a high-density residential project targeting the city’s growing demand for quality housing.
Call for details.
The Property is currently improved as a private school under Use Code 7200 and zoned POR/PD – Professional Office Residential / Planned Development, which allows for a wide range of redevelopment options including multifamily residential. With over 8 acres of land, existing infrastructure, and immediate access to Interstate-95, U.S. 1, and Downtown West Palm Beach, the site is ideally positioned for a high-density residential project targeting the city’s growing demand for quality housing.
Call for details.
Property Facts Under Contract
Sale Type
Investment
Property Type
Building Size
41,981 SF
Building Class
B
Year Built
1995
Price
$12,700,000
Price Per SF
$302.52
Tenancy
Single
Building Height
1 Story
Typical Floor Size
41,981 SF
Building FAR
0.12
Lot Size
8.27 AC
Zoning
POR/PD - Planned Development
Parking
210 Spaces (5 Spaces per 1,000 SF Leased)
Amenities
- Waterfront
1 1
Property Taxes
| Parcel Number | 74-43-43-16-26-001-0000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $5,340,090 |
Property Taxes
Parcel Number
74-43-43-16-26-001-0000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$5,340,090
Contacts
-
Bastian Schauer -
Mark Rubin -
Ryan Buckner -
Michael Falk -
Jake Falk -
Patrick Slagle -
Colliers
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University Preparatory Academy | 2101 N Australian Ave
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